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News Breaks | | | | February 11, 2013 | | 08:03 EDT |  | DUF, CG | Duff & Phelps announces expiration of 'go-shop' period
Duff & Phelps (DUF) announced that, following the expiration of the “go-shop” period provided for in its previously announced merger agreement with a Consortium comprising controlled affiliates of or funds managed by The Carlyle Group (CG), Stone Point Capital LLC, Pictet & Cie and Edmond de Rothschild Group, the company did not receive any alternative acquisition proposals from third parties. The company remains committed to the Consortium’s proposal to acquire the company for $15.55 per share in cash in a transaction valued at approximately $665.5M. During the “go-shop” period, Centerview Partners, the company’s financial advisor, with the direction of the Transaction Committee of the Board of Directors, comprised of independent Directors, undertook a broad solicitation effort, contacting 27 potential acquirers believed to have potential strategic or financial interest in an alternative transaction to the transaction with the Consortium. These proactive contacts resulted in 5 parties negotiating and entering into confidentiality agreements with the company, although no alternative acquisition proposals from third parties were received. The transaction is expected to close in 1H13. | |
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News For DUF;CG From The Last 14 Days Check below for free stories on DUF;CG the last two weeks. |
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| May 20, 2013 | | 07:50 EDT |  | CG | Gulf wealth funds raise private equity investments, Reuters reports
Sovereign wealth funds in the Gulf Arab region are increasing their allocations to private equity investments at a faster rate than other types of investment, U.S. fund manager Invesco said in a new study, reports Reuters. Large sovereign funds have been looking for alternative investments to give better returns than low-yielding staples such as U.S. Treasuries.Reference Link | | | May 15, 2013 | | 07:11 EDT | | CG | Some buyout firms move beyond buyouts, WSJ reports
 Subscribe for More Information | | | 06:08 EDT | | CG | On the Fly: Periodicals Wrap-Up
Subscribe for More Information | | | May 13, 2013 | | 10:09 EDT |  | CG | On The Fly: Analyst Downgrade Summary
Subscribe for More Information | | | 06:44 EDT | | CG | Carlyle Group downgraded to Neutral from Buy at UBS
Subscribe for More Information | | | May 10, 2013 | | 05:53 EDT | | CG | Carlyle Group bids on stake Rio Tinto Australian copper mine, Reuters reports
The Carlyle Group (CG) submitted a bid for Rio Tinto's (RIO) 80% stake in the Northparkes copper mine in Australia, sources say, reports Reuters. Analysts have suggested Rio Tinto could receive up to $1B for the mine. Reference Link | | | May 9, 2013 | | 06:35 EDT |  | CG | Carlyle Group reports Q1 adjusted EPS $1.02, consensus 94c
Subscribe for More Information | | | May 8, 2013 | | 15:29 EDT | | CG | Notable companies reporting before tomorrow's open
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